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  The Federal Reserve Is Cutting Rates – But Will Mortgage Rates Really Follow? For months, homeowners, buyers, and investors have been watching the Federal Reserve’s every move. Now, with a rate cut on the horizon, many are asking the same question: 👉 Will mortgage rates finally come down? The answer is more complicated than most people think. Why Fed Rate Cuts Don’t Always Mean Lower Mortgage Rates When the Fed cuts its benchmark rate, certain types of borrowing — like credit cards and home equity lines — typically get cheaper. But standard 30-year fixed mortgage rates are a different story. Here’s why: Mortgage rates track the 10-year Treasury yield. This moves based on inflation expectations, market demand for bonds, and government borrowing. Market pricing happens early. Mortgage rates often adjust in anticipation of Fed moves — not after. Other factors matter too. Investor demand, global economic conditions, and volatility all play a role. That’s why, even as t...

  If you’ve been following the housing market in 2024, you know it’s been a wild ride. Mortgage rates have remained stubbornly high, home prices are still elevated, and many buyers and homeowners have been stuck in a frustrating holding pattern. But last week, something changed— mortgage rates dropped to their lowest level in four months , sparking a surge in refinancing activity. If you’ve been waiting for the right moment to refinance, this could be your best opportunity in months. Here’s what’s happening, why it matters, and what you should do next. Why Did Mortgage Rates Suddenly Fall? The average  30-year fixed mortgage rate  fell to  6.67%  last week—down  10 basis points  from the previous week. While that might seem like a small shift, even a modest dip can translate into  hundreds of dollars in savings per year  for homeowners. What Triggered the Drop? Weakening Job Market Data  – Recent reports showed slower job growth, suggest...